Lupita should review the Fair Labor Standards Act (FLSA) to find answers to this issue.
The Fair Labor Standards Act (FLSA) is a federal law in the United States that establishes minimum wage, overtime pay, record-keeping, and child labor standards for employees in the private and public sectors.
It requires covered employers to pay non-exempt employees at least the federal minimum wage for all hours worked and overtime pay for hours worked over 40 in a workweek at a rate not less than one and the one-half times the regular rate of pay. The FLSA also sets rules for the employment of minors, including restrictions on hours and types of work.
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in the short run, a negative ad shock will cause the growth rate of output to: group of answer choices increase. decrease. remain unchanged. become more volatile.
In the short run, a negative AD (aggregate demand) shock will cause the growth rate of output to decrease.
In the short run, a negative ad shock will cause the growth rate of output to decrease. What is a negative ad shock? An ad shock is defined as a sudden shift in the economy's aggregate demand (AD).
An ad shock can be caused by a variety of factors, including sudden changes in interest rates, changes in the money supply, or changes in government spending levels.
The response of output to ad shocks is influenced by the length of the shock and the economy's stage in the business cycle.A negative ad shock would cause the aggregate demand curve to shift to the left, lowering real GDP and reducing the economy's level of output.
It would cause a decrease in the growth rate of output, which refers to the rate at which output is expanding or contracting over time.
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true or false: a designated market maker is a stock exchange agent who arranges security transactions among investors.
True. A designated market maker (DMM) is a stock exchange agent who facilitates and arranges securities transactions among investors on the exchange.
DMMs are responsible for maintaining fair and orderly markets by ensuring that there is enough liquidity and price continuity in the securities they are responsible for. They also act as intermediaries between buyers and sellers, executing orders and maintaining an inventory of securities to facilitate trading. So, the statement that "a designated market maker is a stock exchange agent who arranges security transactions among investors" is true.
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which type of organization might have three related divisions and one unrelated division and uses a design that is a cross between an m-form and an h-form? a.hybrid b.divisional c.conglomerate d.functional
The correct option is hybrid.
What is a hybrid organization?A hybrid organizational structure combines the best elements of both functional and divisional structures to create a more flexible organization. In a hybrid organization, there are fewer levels of management, allowing for faster communication and decision-making between teams and executives. The primary advantages of a hybrid structure are that it can help you align your business strategy with your organizational structure and give you greater control over your business units.
A hybrid organizational structure is also more likely to have three connected divisions and one separate division. As a result, the hybrid organizational structure is a cross between the M-form and the H-form structures.
Types of organizational structures
Organizations can be categorized into four types of organizational structures. They are:
Functional: Organizations that follow a functional structure organize themselves according to the type of work they do or their functions. All employees who perform similar functions work together, regardless of their position in the hierarchy. These organizations tend to have a clear hierarchy, and communication moves up and down the chain of command with little interaction between departments.Divisional: Organizations that follow a divisional structure organize themselves according to their products, customers, or geography. Each division is in charge of a distinct market segment and has its own set of functions, such as human resources, finance, and sales.Conglomerate: An organization that follows a conglomerate structure is a collection of independent companies that operate under a single corporate umbrella. The businesses are usually unrelated and may be located in a variety of geographic locations. Because each business is distinct, they are usually run independently of one another.Hybrid: A hybrid structure combines the best elements of both functional and divisional structures to create a more flexible organization. In a hybrid organization, there are fewer levels of management, allowing for faster communication and decision-making between teams and executives. The primary advantages of a hybrid structure are that it can help you align your business strategy with your organizational structure and give you greater control over your business units.See more about hybrid organizational in:
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a(n) inventory-control system involves taking a physical count of merchandise at regular periods.
Yes, an inventory-control system typically involves taking a physical count of merchandise at regular intervals. This is known as a physical inventory or stocktake.
The purpose of taking a physical inventory is to reconcile the physical count of merchandise with the inventory records maintained by the company. This helps to identify any discrepancies or losses due to theft, damage, or other issues.
In addition to physical inventory, inventory-control systems may also involve other methods for tracking and managing inventory levels, such as barcoding, RFID tagging, or using software programs to monitor stock levels and reorder points. These methods can help companies to optimize their inventory levels, reduce waste, and ensure that they have sufficient inventory on hand to meet customer demand.
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what does it mean when my amazon appkicaiton is no longer under considerations but i haven't received an email
When a job application is no longer under consideration, it typically means that the employer has decided not to move forward with your application.
This could be for various reasons such as your qualifications not matching the job requirements, the position being filled by another candidate, or the company has changed its hiring needs.
It is possible that you may not have received an email notifying you about the change in your application status due to technical issues or delays. However, it is always advisable to check your spam or junk folder to ensure that any notification emails have not been automatically filtered there.
If you have not received an email and are unsure about your application status, you may reach out to the employer's HR department or recruitment team to inquire about the status of your application.
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for a number of reasons, governments set price floors for many agricultural products. assume the government sets a price floor of $3.50 per bushel of corn. assume a competitive market. add and adjust the dwl triangle in the accompanying graph to show the deadweight loss due to the price floor. without the price floor, what would the equilibrium price per bushel be? equilibrium price: $ with the price floor in place, what is the amount of the surplus? surplus: billion bushels
When a government sets a price floor for agricultural products, it means that they establish a minimum price that farmers can charge for their crops.
This is usually done to ensure that farmers can make a reasonable profit from their products, even if the market price is lower than the cost of production. However, price floors can also create deadweight losses in the market.
Assuming a price floor of $3.50 per bushel of corn and a competitive market, the accompanying graph shows the supply and demand curves for corn.
The equilibrium price without the price floor would be where the supply and demand curves intersect, which is at $2.50 per bushel. This means that the market would clear at a quantity of 5 billion bushels of corn. With the price floor in place, the market price cannot fall below $3.50 per bushel.
This leads to a surplus of corn, as the quantity supplied at this price is greater than the quantity demanded.
The surplus can be calculated by finding the difference between the quantity supplied and the quantity demanded at the price floor. In this case, the quantity supplied is 7 billion bushels of corn, while the quantity demanded is only 4 billion bushels. Therefore, the surplus is 3 billion bushels of corn.
The deadweight loss due to the price floor can be added and adjusted to the graph as the triangle between the equilibrium quantity of 5 billion bushels, the quantity demanded at the price floor of 4 billion bushels, and the quantity supplied at the price floor of 7 billion bushels.
This represents the loss in consumer surplus, producer surplus, and efficiency caused by the price floor.
Overall, while price floors for agricultural products can help support farmers, they can also create deadweight losses and surpluses in the market. It is important for governments to consider the long-term effects of price floors and their impact on market efficiency.
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a 10 percent increase in the price of soda leads to a 20 percent increase in the quantity of iced tea demanded. it appears that: elasticity of demand for soda 0.5 and is inelastic. elasticity of demand for iced tea is 2 and is elastic. cross-price elasticity of demand for soda is -0.5. cross-price elasticity of demand for iced tea is -2.
A 10 percent increase in the price of soda leads to a 20 percent increase in the quantity of iced tea demanded. It appears that: cross-price elasticity of demand for iced tea is 2, option D.
An economic concept known as the cross elasticity of demand quantifies how responsively consumers purchase more of one commodity when the price of another good increases. This statistic, which is also known as cross-price elasticity of demand, is determined by dividing the percentage change in the amount requested of one commodity by the percentage change in its price.
When demand for one product rises as the price for the substitute good rises, the cross elasticity of demand for substitute goods is always positive. For instance, if customers move to a less expensive yet equally acceptable substitute, the amount requested for tea (a substitute beverage) increases as the price of coffee rises.
The cross elasticity of the demand formula reflects this, with positive increases in both the numerator (% change in the demand for tea) and denominator (the price of coffee).
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the graph shows the market for corn with a price ceiling of $7. fill in the blanks with the correct terms and numbers. after the price ceiling is in place, how many bushels of corn are bought or sold?
After the price ceiling of $7 is in place, 10 million bushels of corn are bought or sold.
At the price ceiling of $7, the quantity demanded for corn increases to 15 million bushels, while the quantity supplied decreases to 5 million bushels. This results in a shortage of 10 million bushels. Therefore, the amount of corn bought or sold after the price ceiling is in place is equal to the quantity that was demanded, which is 10 million bushels.
This is because the quantity supplied is limited to 5 million bushels, which is below the quantity demanded. As a result, there will be excess demand for the remaining 5 million bushels, which cannot be supplied due to the price ceiling.
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the diverse co. has invested 40 percent of the firm's assets in a project with a beta of 0.4 and the remaining assets in a project with a beta of 1.8. what is the beta of the firm? select answer from the options below 0.96 1.24 1.28 none of these are correct.
The beta of the firm when 40 percent of the firm's assets in a project with a beta of 0.4 and the remaining assets in a project with a beta of 1.8 is 1.24. Therefore, the correct option is option 2.
The beta of the firm can be calculated using a weighted average of the betas of the two projects.
To find the beta of the firm, follow these steps:1. Determine the percentage of assets invested in each project.
- 40% of assets in Project 1 (beta = 0.4)
- 60% of assets in Project 2 (beta = 1.8) (since the remaining assets are invested in this project)
2. Multiply the percentage of assets invested in each project by their respective betas.
- Project 1: 0.4 * 0.4 = 0.16
- Project 2: 0.6 * 1.8 = 1.08
3. Add the weighted betas of each project to find the overall beta of the firm.
- Beta of the firm = 0.16 + 1.08 = 1.24
So, the beta of the firm is option 2: 1.24.
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g following are separate financial statements of michael company and aaron company as of december 31, 2021 (credit balances indicated by parentheses). michael acquired all of aaron's outstanding voting stock on january 1, 2017, by issuing 20,000 shares of its own $1 par value common stock. on the aquisition date, michael company' stock actively traded at $23.50 per share. on the date of acquisition, aaron reported retained earnings of $230,000 and a total book value of $360,000. at that time, its royalty agreements were undervalued by $60,000 c. assuming that michael applied the equity method to this investment, how would the consolidation entries differ on a december 31, 2021 worksheet
The consolidated financial statements would then reflect the combined financial position and performance of Michael and Aaron companies as a single entity.
Since Michael Company applied the equity method to this investment, the consolidation entries on a December 31, 2021 worksheet would be as follows:
Eliminate Aaron's stockholder's equity accounts:
Retained earnings - Aaron ($230,000)
Common stock - Aaron ($100,000)
Additional paid-in capital - Aaron ($60,000)
Adjust for the excess of the investment cost over the book value acquired:
Investment in Aaron ($472,000)
Goodwill ($52,000)
Eliminate the effects of intercompany transactions:
Investment in Aaron ($72,000)
Sales - Aaron ($80,000)
Cost of goods sold - Aaron ($55,000)
Depreciation expense - Aaron ($10,000)
Royalty expense - Aaron ($5,000)
Income from Aaron ($38,000)
The consolidated financial statements would then reflect the combined financial position and performance of Michael and Aaron companies as a single entity.
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xia co. manufactures a single product. all raw materials used are traceable to specific units of product. current information for company follows: beginning raw materials inventory$8,000 ending raw materials inventory 11,000 raw material purchases 85,000 beginning work in process inventory 20,000 ending work in process inventory 30,000 direct labor 110,000 total factory overhead 85,000 beginning finished goods inventory 60,000 ending finished goods inventory 40,000 the company's cost of direct materials used, cost of goods manufactured and cost of goods sold is:
The company's cost of direct materials used, cost of goods manufactured, and cost of goods sold are $78,000, $163,000, and $183,000, respectively.
Given data:
Beginning raw materials inventory = $8,000
Ending raw materials inventory = $11,000
Raw material purchases = $85,000
Beginning work in process inventory = $20,000
Ending work in process inventory = $30,000
Direct labor = $110,000
Total factory overhead = $85,000
Beginning finished goods inventory = $60,000
Ending finished goods inventory = $40,000
Calculation of the cost of direct materials used:
Beginning raw materials inventory = $8,000
Ending raw materials inventory = $11,000
Raw material purchases = $85,000
Direct materials used = Beginning raw materials inventory + Raw material purchases - Ending raw materials inventory= $8000 + $85000 - $11000= $78000
Calculation of cost of goods manufactured:Direct materials used = $78,000Direct labor = $110,000Total factory overhead = $85,000Prime cost = Direct materials used + Direct labor = $78,000 + $110,000 = $188,000
Manufacturing overhead = Total factory overhead - Direct labor = $85,000 - $110,000 = -$25,000Conversion cost = Direct labor + Manufacturing overhead = $110,000 + (-$25,000) = $85,000
Cost of goods manufactured = Prime cost + Manufacturing overhead = $188,000 + (-$25,000) = $163,000
Calculation of cost of goods sold:Beginning finished goods inventory = $60,000
Ending finished goods inventory = $40,000
Cost of goods sold = Cost of goods manufactured + Beginning finished goods inventory - Ending finished goods inventory= $163,000 + $60,000 - $40,000= $183,000
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question 1 a project manager creates a budget. they determine the amount of buffer funds the project likely needs for completion. what is this budget component?
For each part of the project, a project budget includes labor costs, material procurement costs, and operating costs. It also contains the quantities of resources, costs, expenses, and financial flows.
The project manager should use the project's Work Break Down Structure (WBS), expense estimates, historical data and records, resource information, and policies to determine the monetary resources needed for the project. This statement alludes to the stages in determining the project budget.
Project managers use the Project Budget to estimate the total expense of a project. A project budget template contains a detailed estimate of all expenses that are likely to be incurred prior to the completion of the project.
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power manufacturing has equipment that it purchased 4 years ago for $2,400,000. the equipment was used for a project that was intended to last for 6 years and was being depreciated over the life of the project. however, due to low demand, the project is being shut down. the equipment was depreciated using the straight-line method and can be sold for $370,000 today. the company's tax rate is 40 percent. what is the aftertax salvage value of the equipment?
The aftertax salvage value of the equipment is $172,000.
The aftertax salvage value of the equipment can be calculated as follows:
First, we need to calculate the book value of the equipment. Since it was being depreciated over 6 years using the straight-line method, the annual depreciation expense would be $2,400,000/6 = $400,000. After 4 years, the accumulated depreciation would be $400,000 x 4 = $1,600,000. Therefore, the book value of the equipment would be $2,400,000 - $1,600,000 = $800,000.
Next, we can calculate the gain or loss on the sale of the equipment by subtracting the selling price from the book value: $370,000 - $800,000 = -$430,000. This represents a loss of $430,000.
To calculate the aftertax salvage value, we need to multiply the loss by the tax rate: $430,000 x 0.4 = $172,000. Therefore, the aftertax salvage value of the equipment is $172,000.
In summary, the aftertax salvage value of the equipment is $172,000.
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when reading the morning news reports, you see that japan is suffering from economic turmoil while canada is experiencing record economic growth. an appropriate strategy is to buy:
In light of the information presented in the Student question, an appropriate strategy would be to buy assets, stocks, or investments in Canada, as the country is currently experiencing record economic growth.
Investing in a country with a strong and growing economy increases the chances of your investment generating positive returns. As Canada's economy is on the rise, it is likely that Canadian companies are benefiting from this growth, making them attractive investment options.
On the other hand, Japan's economic turmoil suggests that businesses and investments in the country may face challenges, such as decreased consumer spending, lower profits, or currency depreciation.
Keep in mind that it is essential to research and analyze specific investments, industries, and companies before making any investment decisions, as economic growth is only one of many factors to consider.
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merry maidens cleaning generally charges $240 for a detailed cleaning of a normal-size home. however, to generate additional business, merry maidens is offering a new-customer discount of 10%. on may 1, ms. e. pearson has merry maidens clean her house and pays cash equal to the discounted price. required: record the revenue recognized by merry maidens cleaning on may 1.
The revenue recognized for Merry Maidens Cleaning is $216, with a debit of cash for $216 and a credit to service revenue for $216.
The revenue recognized is calculated by taking the discounted price of the cleaning service, which is 10% off the normal price of $240. To find the discount, we multiply $240 by 10%, which gives us $24.
We then subtract the discount from the normal price to find the discounted price:
= $240 - $24 = $216Ms. Pearson pays cash for the discounted price of $216, so we debit cash for $216. The credit goes to service revenue for $216, which is the amount we earned for providing the cleaning service. This entry recognizes the revenue earned from the cleaning service and records the cash received for it.
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an automobile dealer expects to sell 2500 cars a year. the cars cost $9000 plus a fixed charge of $1000 per delivery. if it costs $500 to store a car for a year, find the order size and the number of orders that minimize inventory costs.
To find the order size and the number of orders that minimize inventory costs, we can use the Economic Order Quantity (EOQ) model. The optimal order size is 100 cars per order, and the number of orders per year is 25.
The formula for EOQ is:
EOQ = sqrt((2DS)/H)
where:
D = annual demand
S = setup cost per order
H = holding cost per unit per year
In this case, D = 2500 cars, S = $1000, and H = $500.
To find the optimal order size, we first need to calculate the total annual cost (TAC) for different order quantities. The formula for TAC is:
TAC = (DS/Q) + (Q/2)H + V
where:
Q = order quantity
V = variable cost per unit
In this case, V = $9000.
We can now use the EOQ formula to calculate the optimal order size:
EOQ = sqrt((2DS)/H) = sqrt((225001000)/500) = 100
The optimal order size is 100 cars per order.
We can now plug this into the TAC formula to find the total annual cost for this order size:
TAC = (DS/Q) + (Q/2)H + V = (2500*9000/100) + (100/2)*500 + 9000 = $1,237,500
To find the number of orders per year, we can divide the annual demand by the order quantity:
The number of orders = D/Q = 2500/100 = 25 orders per year.
Therefore, the optimal order size is 100 cars per order, and the number of orders per year is 25.
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alibaba paid a dividend of $1.50 in 2019. if their market price at the end of 2019 was $272, what is alibaba's dividend yield? enter only numbers, leave your answer in decimal form, and round your answer to four decimal places.
When Alibaba paid a dividend of $1.50 and their market price at the end of year was $272, the Alibaba's dividend yield is 0.0055.
Dividend yield is the percentage return earned by an investor in the form of a dividend. To calculate Alibaba's dividend yield for 2019, you should divide the dividend paid ($1.50) by the market price at the end of 2019 ($272).
In order to calculate the dividend yield for Alibaba for 2019, follow these steps:1. Identify the dividend paid: $1.50
2. Identify the market price at the end of 2019: $272
3. Divide the dividend by the market price: $1.50 / $272
Now, perform the calculation:
$1.50 / $272 = 0.0055147 (rounded to seven decimal places)
Finally, round your answer to four decimal places:
0.0055
So, Alibaba's dividend yield for 2019 is 0.0055 or 0.55% when expressed as a percentage.
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topic: distribution (i.e., place) changes over the years, some brick-and-mortar retailers have struggled. more customers are purchasing online, changing the distribution model. what advice would you give to retailers to counteract this trend in the retail industry? what argument is there for having brick-and-mortar stores? explain.
Retail industry is changing with the rise of online retail, brick-and-mortar retailers can counteract this trend by focusing on enhancing the in-store experience, adopting an omnichannel approach, building strong customer relationships, differentiating through product assortment and quality, and leveraging the benefits of physical presence.
As the retail landscape evolves with changes in consumer behavior and the rise of e-commerce.
Brick-and-mortar retailers face challenges in staying competitive.
Here are some advice and arguments for retailers to counteract the trend of online retail and leverage the advantages of brick-and-mortar stores.
Enhance the in-store experience,
Brick-and-mortar retailers can focus on creating an exceptional in-store experience for customers.
This can include offering personalized services, creating unique in-store displays, providing engaging product demonstrations, and offering exclusive in-store promotions or events.
Embrace omnichannel retailing,
Retailers can adopt an omnichannel approach by integrating their online and offline channels.
This can include offering in-store pick-up for online purchases.
Providing seamless returns and exchanges across channels.
And leveraging technology such as digital kiosks or mobile apps to enhance the in-store experience.
Build strong customer relationships,
Brick-and-mortar retailers can focus on building strong customer relationships.
Through personalized interactions and exceptional customer service.
By understanding and catering to the unique needs and preferences of their customers.
Differentiate through product assortment and quality,
Retailers can differentiate themselves from online competitors.
By offering unique product assortments, exclusive brands, or high-quality products that are not easily replicated online.
Brick-and-mortar retailers can offer value-added services that online retailers may struggle to replicate.
Leverage the benefits of physical presence,
Brick-and-mortar stores have the advantage of physical presence, allowing customers to see, touch, and try products.
In-store shopping also provides immediate gratification and eliminates the need for shipping or return hassles.
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The above question is incomplete, the complete question is:
Keeping current with the changes in the marketplace is often a real challenge to marketers, as sometimes changes must take place in a collapsed time frame due to globalization and the Internet. In this Discussion, you will discuss some of these challenges and how companies can respond. Topic: Distribution (i.e., Place) Changes Over the years, some brick-and-mortar retailers have struggled. More customers are purchasing online, changing the distribution model. What advice would you give to retailers to counteract this trend in the retail industry? What argument is there for having brick-and-mortar stores? Explain.
Which of the following is not a true statement about value webs?
Group of answer choices
Value webs involve a collection of independent firms that use information technology to coordinate their value chains.
Value webs are inflexible and cannot adapt quickly to changes in supply and demand.
Value webs operate in a less linear fashion than traditional value chains.
Value webs are more customer-driven than traditional value chains.
Value webs involve highly synchronized industry value chains.
The correct answer is option b. Value webs are inflexible and cannot adapt quickly to changes in supply and demand is not a true statement about value webs.
Value webs are networks of businesses, suppliers, and clients connected to one another to form a flexible and adaptable value chain.
Information technology enables this network of businesses, enabling them to coordinate their operations and react swiftly to changes in supply and demand. Value webs enable clients to access a variety of goods and services from many providers, making them more customer-driven than traditional value chains.
Value webs also function less linearly than conventional value chains, enabling businesses to swiftly modify their strategy and operations in reaction to shifting market conditions.
Value webs can therefore respond to changes in supply and demand more effectively than traditional value chains because they are more flexible and adaptive.
Complete Question:
Which of the following is not a true statement about value webs?
Group of answer choices
a. Value webs involve a collection of independent firms that use information technology to coordinate their value chains.
b. Value webs are inflexible and cannot adapt quickly to changes in supply and demand.
c. Value webs operate in a less linear fashion than traditional value chains.
d. Value webs are more customer-driven than traditional value chains.
e. Value webs involve highly synchronized industry value chains.
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if the fed sells government bonds to the public, then reserves group of answer choices increase and the money supply increases. increase and the money supply decreases. decrease and the money supply increases. decrease and the money supply decreases.
If the Fed sells government bonds to the public, then reserves decrease and the money supply decreases. option (2)
When the Federal Reserve (Fed) sells government bonds to the public, it reduces the amount of money available to the public to purchase those bonds. As a result, banks and other financial institutions have less money to lend out, which leads to a decrease in the money supply. When the Fed sells bonds, it receives payment in the form of deposits from the public, which in turn increases the amount of reserves that banks hold with the Fed.
So, the correct answer is "decrease in reserves and the money supply increases". This is because the deposits received by the Fed when it sells bonds increase the amount of reserves held by banks, which can be used to create new loans, thereby increasing the money supply.
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Full Question: If the fed sells government bonds to the public, then reserves group of answer choices
increase and the money supply increases. increase and the money supply decreases. decrease and the money supply increases. decrease and the money supply decreases.an interior design consulting firm offers a $100 gift card to the employee with the highest customer satisfaction scores at the end of each month. which method of eliminating the delivery gap is this an example of?
The delivery gap refers to the discrepancy between the customers' expectations of the service and their perceptions of the service quality that they receive.
What is the delivery gap?
The method of eliminating the delivery gap that is an example of an interior design consulting firm offering a $100 gift card to the employee with the highest customer satisfaction scores at the end of each month is incentivizing good performance. This is an example of a positive reinforcement technique that encourages employees to perform better.
The delivery gap refers to the discrepancy between the customers' expectations of the service and their perceptions of the service quality that they receive. Service providers must recognize and address the gaps in order to improve service quality and satisfy customer needs. In general, there are five gaps in the service delivery model that must be addressed. The following are the five gaps:
Gap 1:
Knowledge Gap Gap 2:
Design and Standards Gap Gap 3:
Performance Gap Gap 4:
Communication Gap Gap 5:
Customer GapIncentivizing Good Performance
Incentivizing good performance is a strategy that encourages employees to perform better by providing rewards or other types of recognition. This approach can help to reduce the delivery gap by motivating employees to provide better service quality.
Incentives can take many forms, such as bonuses, recognition, awards, promotions, or other types of rewards. By incentivizing good performance, an organization can increase employee morale, reduce turnover, and improve service quality.
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ferry's furniture outlet has an accounts receivable period of 51.19 days and an accounts payable period of 43.59 days. the company turns over its inventory 5.73 times per year. what is the length of the company's operating cycle? assume 365 days per year.
Approximately, it will take 61.79 days for Ferry's Furniture Outlet to complete one operating cycle.
What is the length of the company's operating cycle?
The length of Ferry's Furniture Outlet's operating cycle is 61.79 days.
What is Ferry's Furniture Outlet's operating cycle?
Ferry's Furniture Outlet's operating cycle can be calculated using the following formula:
Operating cycle = Accounts receivable period + Inventory turnover period
Where,
Accounts receivable period = (Accounts receivable / Credit sales) × Number of days in a year
Inventory turnover period = (Inventory / Cost of goods sold) × Number of days in a year
Now, let's solve the given problem according to the formula given above.
Accounts receivable period = 51.19 days
Accounts payable period = 43.59 daysInventory turnover = 5.73 times/year
We are given that the number of days in a year is 365. Therefore,
Inventory turnover period = (Inventory / Cost of goods sold) × Number of days in a year
Inventory turnover period = (1 / 5.73) × 365
Inventory turnover period = 63.62 days
Accounts receivable period = (Accounts receivable / Credit sales) × Number of days in a year
Accounts receivable period = (Accounts receivable / Cost of goods sold) × (Credit sales / Cost of goods sold) × Number of days in a year
Now, we need to find the Credit sales / Cost of goods sold ratio which can be calculated as follows:
Inventory turnover = Cost of goods sold / Inventory5.73 = Cost of goods sold / 1
Cost of goods sold = 5.73
Accounts receivable period = (Accounts receivable / Cost of goods sold) × (Credit sales / Cost of goods sold) × Number of days in a year51.19 = (Accounts receivable / 5.73) × (Credit sales / 5.73) × 365
Credit sales / Cost of goods sold = (Accounts receivable / 5.73)
Credit sales / 5.73 = (Accounts receivable / 5.73)
Credit sales = Accounts receivableHence, Credit sales / Cost of goods sold = 1
We will substitute these values in the formula to get the operating cycle.
Operating cycle = Accounts receivable period + Inventory turnover period
Operating cycle = 51.19 + 63.62
Operating cycle = 114.81 days
The length of Ferry's Furniture Outlet's operating cycle is 114.81 days.
Approximately, it will take 61.79 days for Ferry's Furniture Outlet to complete one operating cycle.
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11. fully explain why the central bank might use contractionary monetary policy while the government uses expansionary fiscal policy?
The central bank may use contractionary monetary policy to combat inflation, while the government may use expansionary fiscal policy to boost economic growth and reduce unemployment.
Contractionary monetary policy is a type of policy that is aimed at reducing the money supply and increasing interest rates. The central bank can use a variety of tools to achieve this goal, including increasing the reserve requirement for banks, selling government securities, and raising the federal funds rate.
By making it more expensive to borrow money, the central bank can reduce spending and slow down the economy. By slowing down the economy with contractionary monetary policy, the central bank can reduce inflationary pressures.
On the other hand, expansionary fiscal policy is a type of policy that is aimed at increasing government spending and reducing taxes. The government can use a variety of tools to achieve this goal, including increasing spending on infrastructure projects, providing tax cuts, and increasing transfer payments to households.
By increasing the amount of money in circulation, the government can stimulate the economy and encourage growth.
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1. in the workplace, what type of behavior could be considered unethical? 2. what should you do when confronted with ethical challenges? 3. what are four strategies for communicating ethically in the workplace? 4. what is plagiarism? 5. in the workplace, who owns your e-mail messages? 6. what is flaming? 7. what are four ways to avoid unethical use of social media in the workplace? 8. who is protected by intellectual property rights? 9. what could happen if you copy images or text designated as trademarks? 10. what should you do to protect your intellectual property rights and those of others?
Business ethics are the implementation of appropriate practices in the sector of a company so that there is a code of conduct and a sense of harmony.
In this practice treating the subordinates badly by the supervisors are considered unethical practices.In case of being confronted with ethical challenges, the individual should stay calm and should make a clarified approach that is in the best interests of the manager. The four strategies for communicating ethically are making complete transparency, respecting confidentiality and time, understanding the need of the customer, and choosing honest and cognitive thoughts to implement.Plagiarism in the workplace is known when the idea or work of an individual is incorporated by some other person without having consent.Flaming is a large number of insults, comments, and bad reviews that the employees of a company have to face.The four ways to avoid unethical use of social media are monitoring employee activity, promoting the knowledge of not using phones, providing necessary tools so that they don't use social media, and practicing ethical behavior. The creator or inventor is protected by intellectual property rights.In the possibility of copy images or designated text that are trademarks then it will fall under unethical practices and will be copyrighted.To protect intellectual property rights the steps that need to be followed are a clear declination of joint ownership, a focus on implementing security measures.To learn more about Business ethics,
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company c and company d.what is the firm description of each? how would this differentiate as the financials relate to: the mass manufacturer, allied food and snack lines, theme parks, etc - what would you see in cash, long term debt, ppe, goodwill, etc?how about the craft beer company? lower volume yet premium prices, financially conservative? what line items point to this company? think payout ratio, long term debt, etc.
Company C is a mass manufacturer, which would likely have higher levels of cash, inventory, long-term debt, and property, plant, and equipment (PPE) on its balance sheet.
Goodwill may be present if Company C has made acquisitions. Allied food and snack lines and theme parks are not specified.
Company D is a craft beer company with lower production volumes but premium prices, and may exhibit financially conservative traits. Financials may show lower cash, inventory, and long-term debt compared to mass manufacturers. PPE and goodwill may be relatively lower. Payout ratio could be higher, indicating a focus on returning profits to shareholders.
Long-term debt may be lower, and PPE may be less extensive as craft breweries may not require extensive manufacturing equipment. Goodwill may be present only if Company D has made acquisitions. Overall, financials may reflect a smaller-scale operation with premium pricing and conservative financial management.
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4. planning for facilities; ordering equipment, uniforms, and supplies; and arranging transportation are activities that a coach performs primarily in her role as a. event and contest manager b. information manager c. instructional manager d. logistics manager e. personnel manager
The right answer is (d), which is logistics controller. Activities a coach mainly carries out in her capacity as a logistics manager.
Logistics managers are specialists in the supply chain who are in charge of operations like shipping and purchasing. They use their talents to manage crucial business operations because they are excellent negotiators, planners, and problem-solvers. You concentrate on the movement, distribution, and storage of products and resources as a logistics worker. You labour to maintain the company's supply chain's effectiveness and capacity to achieve business objectives. This guarantees that production quotas are reached and that customers receive their orders. Despite the availability of such useful tools, many logistics managers still find their work to be stressful.
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according to the memo, what are possible consequences of a trade war when production chains are globally integrated?
Possible consequences of a trade war when production chains are globally integrated include disrupted supply chains, increased production costs, reduced efficiency, decreased trade and investment, and overall economic instability.
A trade war involves countries imposing tariffs and other trade barriers on each other's goods and services, which can lead to retaliatory measures and a breakdown in international trade relations.
When production chains are globally integrated, businesses rely on suppliers and customers across the world to produce and distribute their products. A trade war can disrupt these supply chains, increase production costs, and reduce efficiency, leading to decreased trade and investment.
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which type of development is apparent when team performance begins to decline as the size, scope, goal, or members of the team change?
The type of development that is apparent when team performance begins to decline as the size, scope, goal, or members of the team change is de-norming.
Team development is the method by which a group of people works together to achieve common objectives. According to Tuckman's stages of group development, there are four stages of group development: forming, storming, norming, and performing. De-norming is a possible fifth stage that may occur when the group is unable to maintain its previously established level of performance.
Team growth does not stop at the performing stage; the team will continue to evolve as members join, leave, or other circumstances arise, and this is known as de-norming. De-norming occurs when team performance begins to deteriorate as a result of changes in team size, scope, goal, or membership, causing the team to revert to the storming stage. The leader is primarily responsible for managing the de-norming phase, and they should work to resolve the team's conflicts and problems. Ultimately, the team will need to work through the de-norming phase and return to the norming stage in order to achieve the desired outcome.
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assume a member of canon corporation's board of directors also serves on the boards of other camera manufacturers, such as nikon and fuji. this pattern would illustrate the operation of
The pattern of a member of Canon Corporation's board of directors also serving on the boards of other camera manufacturers, such as Nikon and Fuji, would illustrate the operation of interlocking directorates.
Interlocking directorates refer to the practice of individuals serving on the boards of directors of two or more companies, creating a link between the companies. This can create potential conflicts of interest, as board members may be called upon to make decisions that benefit one company over the other.
Interlocking directorates can have both positive and negative effects. On the positive side, they can help to create a sense of shared knowledge and expertise among companies in the same industry, and can facilitate the exchange of ideas and best practices. On the negative side, they can create the potential for collusion or anticompetitive behavior, and can make it more difficult for smaller, up-and-coming companies to compete with larger, established players in the industry.
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assume the purely competitive market is in long-run equilibrium. for some reason market demand increases. what would happen? at first, all firms would achieve economic profit, but eventually economic profit would fall back to zero as new firms enter the market. market prices would fall, causing producers to reduce output. all economic losses are incurred, firms start leaving the market. this would be the case if demand fell for some reason learning objective: explain how entry and exit lead to zero profits in the long run an increase in market demand would not produce any change in price, production, or the movement of firms in and out of the market. market price would increase, and producers would band together to prevent new entrants to the market.
Market price would increase, and producers would band together to prevent new entrants to the market if demand increases in a purely competitive market in long-run equilibrium.
All companies make zero economic benefit in a strictly competitive market in long-run equilibrium. If market demand rises, market prices rise, and companies begin to make a positive economic return. This would entice new companies to join the market in pursuit of greater profits.
As a result, market supply would rise while market prices would decline until firms earned zero economic profit once more. In contrast, if market demand declines, market price falls, and companies begin to lose money. In this situation, some firms would exit the market until supply decreased sufficiently to raise market prices to the point where firms were making zero economic profit once more.
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